Category: Budget

This Disney heiress wants to make sure the GOP doesn’t give 1%ers like her another big tax break they don’t need.

Report finds twice as many companies will pay zero in taxes this year

A new report, citing data from a left-leaning think tank, reveals that at least 60 companies avoided paying taxes this year as a result of the new tax law — a total that is about twice as many as previous years.

Broken promises, failed predictions pile up for Republican tax plan

I’m having trouble thinking of literally anything Republicans got right as part of the debate over their tax plan.

Pay is soaring for the wealthy. What about you? Elites are thriving under Trump

Investors and Wall Street traders are the prime beneficiaries of Trump’s economic policies so far.

Trump’s Tax Cuts in Hand, Companies Spend More on Themselves Than on Wages

The maneuver is good for companies’ stock prices, but it may not help the overall economy — undercutting a central goal of the tax cuts.

The fundamental law of capitalism is: When workers have more money, businesses have more customers.

Monthly deficit hits record high as government loses millions in revenue under GOP tax law

The federal deficit hit $234 billion in February, according to new data from the Treasury Department, an apparent record for a one-month time period.

Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up

The president thinks the balancing of the nation’s books is going to, ultimately, be a future president’s problem.

Expert who predicted 2008 crash concludes we are heading for ANOTHER financial MELTDOWN

THE WORLD is on the cusp of another financial crisis due to another developing housing market bubble, according to a financial expert who predicted the worst financial crisis since the Great Depression.

Hedge fund billionaire: 70% chance of recession before 2020 election

The roaring American economy is likely to sink into a recession prior to President Trump’s bid to get re-elected in 2020.

A Panel of 45 Economists Says Trump’s Tax Cuts Could Trigger a Recession By 2020

Why current trade policies could have a negative impact on the economy.

U.S. stocks post worst year in a decade as the S&P 500 falls more than 6 percent in 2018

The S&P 500 and Dow fell for the first time in three years, while the Nasdaq snapped a six-year winning streak.

Donald Trump Spreads Economic Fairy Dust

He’s pushing the same old failures of Reaganomics: tax cuts for the rich and deregulation, along with nostalgia for an industrial era long gone.

The theory behind Trump’s tax cuts is exactly what gave us the failed Bush economy

An influx of foreign hot money isn’t what we need.

Republicans like to pretend Bush’s tax cuts never happened

Donald Trump believes there hasn’t been a federal tax cut

Trump 2020 budget: Spending cuts and deficits

President Donald Trump delivered a 2020 budget to the Democratic-controlled House on Monday that cuts spending nearly across the board yet still isn’t projected to balance for 15 years, even with ambitious economic growth forecasts.

Corporate Tax Cuts Don’t Create Jobs, They Enrich CEOs

A new study provides galling examples of this trend.

Opinion | Tax Cuts for the Rich by Another Name

A plan Republicans say will help small businesses would really benefit hedge fund managers and real estate developers.

Tax cut fever: Republican trickle-down theory is lies

I helped create the conservative gospel of slashing taxes. But virtually everything Republicans say about taxes today is hogwash.

Tax Reform = Trickle Down Economics = Proven Failure

The 'trickle down theory' is dead wrong

The economic theory that wealth trickles down from the rich to the poor is dead wrong, according to new research from the International Monetary Fund.

The Republican party has taken "a wrong turn" under Donald Trump, according to three GOP challengers to the president, and is heading down the road to totalitarianism as states cancel primaries in an attempt to give Trump an unimpeded path to the nomination in 2020.

With John Bolton dismissed, Taliban peace talks a fiasco and a trade war with China, US foreign policy is ever more unstable and confrontational

It was, by all accounts, a furious row. Donald Trump was talking about relaxing sanctions on Iran and holding a summit with its president, Hassan Rouhani, at this month's UN general assembly in New York. John Bolton, his hawkish national security adviser, was dead against it and… [more]